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I also had the chance to spend more time with our teams at many of our locations in Europe and North America that kick off 2023 and recently visited our two manufacturing sites and shared services center in India. I continue to be delighted by the level of commitment and focus on execution and customer satisfaction our teams display in every interaction and by the strength of the CIRCOR family of brands throughout the industries we serve. After a very strong Q3, our team again performed exceptionally well in Q4. We navigated ongoing supply chain disruptions, the inflationary environment and rising energy costs to deliver 19% organic orders growth and a 550 basis point improvement in adjusted operating margin. Turning to Slide 6, our results underscore continued success in executing on our strategic priorities, which include: first, organic growth through new product development and leverage of our strong aftermarket position; second, margin expansion, which includes value pricing, simplification, best cost country sourcing in manufacturing and factory modernization; and third, reducing our leverage, which we accomplished in Q4 through strong cash generation from operations and adjusted EBITDA growth.

We have made solid progress in reducing leverage over the past four quarters and look to continue that progress in 2023. A.J. will provide more details on our improved leverage and outlook in his prepared remarks. Turning to our fourth quarter and full year highlights on Slide 7, organic orders increased 19% versus prior year, driven by growth in our Industrial segment. Industrial orders were up 29% organically in the quarter, supported by strength in our aftermarket pricing and downstream. For the full year, Industrial orders were up 7% organically, driven by pricing, strength in our aftermarket and downstream, which more than offset the exit of the pipeline engineering business and timing of a large Navy order in the prior year. Orders in A&D were down slightly on an organic basis in the quarter, as strength in commercial aerospace and Navy was offset by timing of a large medical order in the prior year.

For the full year, A&D orders were up 24% organically driven by commercial aerospace recovery, aftermarket, new products for missiles and hydrogen applications, medical and pricing. Pricing in the year was strong in both segments, which is indicative of the power of our brands and our team's focus on maximizing value from the products and services we provide. Backlog at the end of Q4 was up 22% from the same period last year to $543 million, positioning us well for 2023. On the top line, we reported year-over-year revenue growth of 5% or 11% on an organic basis in Q4 with A&D up in the high-teens and Industrial up mid single-digits. We accomplished this despite continued supply chain challenges in some of our businesses. Our 62% increase in AOI in Q4 was supported by both segments with our Industrial segment delivering another step change performance compared to prior year supported by our value pricing initiatives and cost controls.

A.J. will provide additional color on the margin drivers in the quarter during his prepared remarks. The solid demand environment for our products is evidenced by sustained order strength and a healthy backlog. We are positive about our business as we look ahead in 2023. Moving to Slide 8. Each quarter, we like to highlight specific growth areas that our teams are driving. Today, I will discuss industrial pumps and A&D innovations that showcase our product differentiation for severe service mission-critical applications. On the left side of the slide is a new 3-screw industrial pump capable of handling higher pressures and lower viscosity fluids. This product leverages our industry leading technology for 3-screw pumps to penetrate applications that are typically handled by different pump technology.

In head-to-head testing and severe service applications, CIRCOR's new pump has demonstrated performance far exceeded competitive products. The product is in an initial launch phase and we are seeing early success. The pump will primarily serve the energy markets, which continues to show solid growth as well as selected general industrial applications that require the higher pressures and/or low viscosity performance. On the right side of the slide, our A&D team in France was selected to provide mission-critical helium valves for the new airship being developed by French aeronautical company, Flying Whales. The airship will be lifted by helium cells and propelled by hybrid electric system powered by sustainable aviation fuel. Capable of transporting up to 60 tons of cargo, the innovative airship is designed to carry items such as blades for wind turbines, logs collected from steep mountain sites, construction materials being delivered to remote isolated location or food and aid after natural disasters where railways or roads maybe unaccessible.

Our team worked side-by-side with Flying Whales for nearly 18 months to develop the requirements for this critical application. We leverage our core technology and valve design and electromechanical actuation to develop an innovative solution. We are working with Flying Whales on another major package for the airship and are well positioned to capture additional content on this exciting program. Before I turn the call over to A.J., I would like to provide you a quick update on our strategic review process. As we announced in late February and reiterated in this morning's earnings release, our Board supported by our external advisers and the management team continues to progress with the review. Our Board through its external advisers is in dialogue with a number of parties that have expressed interest in acquiring all or parts of the company.

Now, let me turn the call over to A.J. to cover the financial results in more detail.

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A.J. Sharma: Thank you, Tony and good morning everyone. Let's turn to fourth quarter financial highlights on Slide 9. Excluding previously divested businesses, we posted the highest backlog and the strongest industrial AOI margin, A&D AOI margin and consolidated AOI margin in at least the past 4 years. With the strong fourth quarter results, we built upon the step change performance delivered in the prior quarter. We continue to see the financial benefits of the transformation we launched in early 2022. We believe we have a long runway for growth and margin expansion. Organic orders were up 19%, primarily driven by Navy, pumps aftermarket and downstream. We saw orders growth across our platforms in most of the regions and end markets.

The orders trend remains robust, which speaks to the power of our brands and the strength of our technologies. On the top line, our teams delivered double-digit organic revenue growth, with most of our businesses posting organic sales growth in the quarter. We continued to execute value pricing, maintain cost controls and drive growth. These efforts helped generate 62% increase in adjusted operating income and 550 basis points of adjusted operating margin expansion. We delivered $0.77 of adjusted EPS, up 67% and grew adjusted EBITDA 50% to $37 million. We posted a strong improvement in adjusted free cash flow for the quarter, both sequentially and over prior year. Strong cash flow from operations more than offset special expenses and continued investments in CapEx. Turning to Slide 10, our Aerospace & Defense segment results.

We saw 11.6% orders growth in Defense led by very strong growth in U.S. Navy, partly offset by timing of JSF order in prior period. Overall, Aerospace and Defense organic orders declined by 1% due to timing of a large medical order of approximately $16 million in prior period. Organic revenue grew 18% with all of the Aerospace and Defense businesses posting revenue growth in the quarter. Aerospace & Defense delivered highest ever adjusted operating margin of 27.3%, fueled by pricing, volume and mix. Moving to our Industrial segment results on Slide 11, organic orders were up 29%, driven by both core industrial and downstream. We were especially pleased to see continued momentum in our core industrial aftermarket which posted organic order growth of 23%.

We remain laser-focused on growing this high-margin part of our business and see tremendous opportunity to leverage value pricing and take share. Organic revenue grew 7% with broad-based strength across the platform that more than offset the exit of pipeline engineering, the exit of pipeline engineering impacted growth by 2 points. Industrial posted exceptional AOI growth of 109% and AOI margin expansion of 710 basis points. The margin expansion was largely a result of value pricing, cost optimization and exit of pipeline engineering. At 13.5% AOI margin, fourth quarter performance further validates the business differentiation and margin expansion potential implicit in our industrial platform. As we continue to find success with value pricing, OpEx optimization and aftermarket growth, and further supported by improvements in factory performance, we expect to deliver industrial AOI margins of 18% to 20% within the next 3 to 5 years.

Turning to Slide 12. Net leverage and compliance leverage have continued to improve throughout the year. We ended 4Q at net leverage of 4.2x which was 0.8x lower than 3Q and 2.1x lower than 1Q 2022. We remain focused on delevering and it remains our top priority. With our expectation of continued expansion of EBITDA, we anticipate exiting 2023 with net leverage in the mid to high 3s, exclusive of any divestitures. Turning to Slide 13 and our expectations for first quarter and full year 2023. With record backlog of $543 million exiting the fourth quarter, we expect full year organic revenue growth of 3% at the midpoint of our range. Our strong backlog and current order trend helps de-risk a demand slowdown scenario. We expect pricing to remain a strong driver of AOI growth and margin expansion, particularly in our Industrial segment.

We continue to see signs of easing of supply chain constraints and moderating inflationary pressures. As in 2022, this year, we expect to make investments to enable growth in attractive segments. These investments include engineering resources to help develop new products, channel expansion and product localization to help grow in newer regions and factory modernizations to lower operating costs and enhance customer experience. Supported by pricing, cost optimization and growth initiatives, we expect Q1 2023 adjusted operating income of $17.5 million to $19 million, an increase of 75% at the midpoint. For the full year, we expect AOI of $90 million to $105 million, up 11% at the midpoint. Interest expense is expected to be approximately $60 million for the full year, up approximately $16 million compared to prior year.

The increase in interest cost is a result of higher rates. We have assumed additional 50 basis points Fed wage increase in March followed with 25 basis points in May and another 25 basis points in June. As a result of higher interest cost, we expect full year adjusted EPS to be in the range of $1.19 to $1.74. Overall, we are bullish about 2023 and continue to build a strong foundation for delivering an improving performance. I will hand the call back to Tony to discuss our market outlook for orders on Slide 14.

Tony Najjar: Thank you, A J. Looking ahead, we expect full year 2023 orders to be up low single digits following the very strong Q4 and full year 2022. We also expect a book-to-bill ratio over 1, supporting continued future growth. In our General Industrial business, we expect orders to be up low single digits following a strong 2022. Strength in the aftermarket and pricing will be somewhat offset by lower core market activities. In Commercial Marine, we also expect low single-digit organic growth, driven mostly by the aftermarket, supported by increased utilization and pricing. In Downstream Oil and Gas, we expect orders to be down high double digits following a very strong 2022. This is primarily driven by timing of large capital projects booked in Q4.

Our team is actively pursuing several major opportunities in North America, Latin America and India, which could significantly improve the outlook. Elsewhere in the segment, we expect orders to be up high double digits, primarily driven by naval programs in the U.S. and Europe. Turning to Aerospace and Defense, we expect high single-digit orders growth in this segment. In our Defense business, we expect low double-digit orders growth. This growth is driven by increased activities in naval programs, new products for missile fusing devices and space applications and pricing. In Commercial Aerospace, we expect mid-double-digit orders growth, primarily driven by the continued market recovery for the single-aisle platforms at Airbus and Boeing, as well as the increased activity in aftermarket supported by pricing and the rebound in air travel.

Elsewhere in this segment, we expect orders to be down high single digits due to timing of large medical orders. Turning to Slide 15. In summary, we are extremely pleased with our strong finish in 2022, and we are well positioned as we move into 2023 with strong momentum. We expect to continue to leverage our strong aftermarket position in our Industrial segment and deploy our value-based pricing and 80/20 principles across the organization, generating margin expansion and staying ahead of inflation despite the current macroeconomic climate. We continue to benefit from the ongoing rebound of the commercial aerospace market and look for further momentum in our defense business, driven by our positions on key platforms, new product development and the strength in the aftermarket.

We strive to maximize value creation for our shareholders, pursuing organic revenue and margin growth through new product development, value-based pricing, simplification and cost-out actions while at the same time, pursuing the parallel path of a potential strategic transaction. We expect our value pricing strategy to continue to drive growth and margin expansion as we look ahead to 2023 and beyond. We are also continuing to evaluate further simplification opportunities in the businesses and at corporate. While our industry continues to be affected by various macroeconomic factors and disruptions, we remain focused on the areas within our control to minimize the impact from these headwinds and deliver growth and margin expansion. Now A.J. and I would be happy to take your questions.

Operator, please open the line for Q&A.

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